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The REIT regime in Europe has allowed the internationalization of real estate investment. Present in evermore countries, it tends to standardize regulation and it contributes decisively to the development of large urban projects. The biggest European REITs announce their investment plans in the peninsula!

Overview of the European REIT and listed real estate industry. Historical perspective, growth, investor appetite, and outlook. What has the SOCIMI regime brought to Spain? What could it bring to Portugal?

Listed real estate is now a standalone asset class within GICS and ICB and firmly on the investors’ agenda. Does this shift have influence on investment volumes? What can we expect in the coming years?

City transformation in major European Capitals have been financed by leading REITs all over Europe! In Spain and Portugal major city developments will need significant capital sources and management abilities. REITs have a major word to tell in the city design and development!

Dominique joined EPRA as CEO in 2017, moving from BNP Paribas Real Estate Investment Management where he held the CEO position for Luxembourg and Belgium. After working in a private bank followed by five years as a management consultant on large financial sector projects for KPMG Consulting, he joined Fortis Real Estate in 2004, where he was COO for international investment and fund management activities in Luxembourg, Belgium and Spain until 2011, before moving with the company to the UK. Moerenhout is a native French and Dutch speaker and fluent in English. He holds a Master in Business Administration from ICHEC Brussels and a European Master in Financial Analysis (CFA) from the Belgian Association of Financial Analysts.

Dominique MoerenhoutEPRACEO

António Gil MachadoIBERIAN PROPERTYDirector

Ismael Clemente

CEOMERLIN PROPERTIES

Ismael Clemente has over 20 years’ experience as a real estate professional. He has worked at Garrigues, Bankers Trust REIB, DB Real Estate and RREEF, as Managing Director. Ismael Clemente has participated in transactions with an aggregate volume of approximately €5.0 billion across all property sectors. These include the sale and leaseback of the Tree Portfolio, the largest real estate transaction executed in Europe in 2009.

During his tenure at RREEF, he was responsible for a team managing an asset portfolio of more than €3.0 billion, representing the full range of global funds advised by RREEF. This team also raised seven investment vehicles, of which two are still active, representing approximately €500 million of equity on behalf of Spanish private clients and family offices.

Ismael Clemente holds superior degrees in Law and in Economics & Business Administration, with a specialisation in Finance, from ICADE (E-3), is a lecturer of the MRE programme at IE Business School and a member of the Spanish Council of the Urban Land Institute (ULI).

Ismael ClementeMERLIN PROPERTIESCEO

Richard Betts

Group PublisherPROPERTY EU

As Group Publisher, Richard is responsible for PropertyEU Publications, including the Top100 Investors, RetailWatch and the Who’s Who, as well as PropertyEU Events and PropertyEU TV. Richard joined PropertyEU in January 2012 as Associate Publisher and Head of PropertyEU Investment Briefings, a series of events focused on sharing knowledge and highlighting expertise on different regions and sectors across Europe. Richard started his career at Euromoney Institutional Investor where he worked for 10 years throughout the 1990’s. He subsequently worked with companies including Financial Times Business and was Managing Director of the independent research company, Eurozone Advisors before joining PropertyEU after 6 years as Publisher at Property Investor Europe. Richard moderates panel discussions and events throughout Europe, Asia and the US and brings over 25 years of experience in financial markets & publishing.

Richard BettsPROPERTY EUGroup Publisher

José Luis del Valle

ChairmanLAR ESPAÑA

José Luis del Valle has a wide professional career in banking and energy sector.
From 1988 to 2002, José Luis del Valle held different positions in Banco Santander, one of the largest financial entities in Spain. In 1999 he was appointed General Director and Chief Financial Officer of the bank (1999-2002). Subsequently, he was appointed Strategy and Corporate Development Director of Iberdrola, one of the major Spanish energy companies (2002-2008), CEO of Scottish Power (2007-2008), Strategy and Studies Director of Iberdrola (2008-2010) and advisor to the Chairman of the wind turbine’s manufacturer of Gamesa (2011-2012).

At present he is non-executive Chairman of the Board of GES – Global Energy Services, supplier of construction, transaction and maintenance services for renewable energies industry; he is director of the insurance group Ocaso; of Abengoa, S.A., supplier of innovative technological solutions for sustainable development; of Verditek Plc, an investor in clean technologies; and of Instituto de Consejeros-Administradores.

José Luis del Valle holds a mining engineering degree from Politécnica University (Madrid, Spain), ranking first in his class, and Master of Science and Nuclear Engineer degrees from Massachusetts Institute of Technology (Cambridge, EE. UU.). He also holds an MBA with high distinction from Harvard Business School (Boston, EE. UU.).

José Luis del ValleLAR ESPAÑAChairman

Benoit DohinUNIBAIL-RODAMCO SPAINRegional Managing Director

Cristina García Peri

General ManagerHISPANIA

Prior to joining the Azora Group in 2011, Cristina García-Peri worked for 16 years in the banking sector both at Merrill Lynch (two years) and JP Morgan (14 years). She started her career in investment banking at J.P. Morgan, where she held, during four years, various positions in the area of Mergers & Acquisitions and during ten years she was Managing Director responsible of Corporate Equity Derivatives for Europe, Middle East and Africa. Her last two years in investment banking were at Merrill Lynch where aside from continuing to lead Corporate Equity Derivatives for Europe, Middle East and Africa, she was responsible for Equity Capital Markets for Spain and Portugal.

Presently, Cristina García-Peri is an Evo Bank Advisor and Chairman of the “Plan Internacional España”. Cristina has graduated summa cum laude in economic and entrepreneurial sciences and she has later obtained a Harvard Business School MBA.

Cristina García PeriHISPANIAGeneral Manager

Manuel Puerta da CostaAPFIPPBoard Member

Joao Corado

Director GRCTHOMSON REUTERS

Joao Corado, Director of Governance, Risk and Compliance at Thomson Reuters Iberia. Currently working on projects for the admission of new clients in the financial sector, identification of risks associated with clients or third parties (Know Your Customer / Third Party Risk) and implementation of corporate risk management processes. He has worked for 17 years in France, Spain and Portugal in different areas of Thomson Reuters as commercial director, commercial development, consultancy and responsible for professional services. Likewise, he has spent 9 years working at Banco Comercial Portugués, participating in risk management and process efficiency implementation projects within the group's Financial Department. People, team, talent, commitment and performance are the most consistent values ​​in his professional life.

Joao CoradoTHOMSON REUTERSDirector GRC

Álvaro Otero

Partner CMS | Real Estate & ConstructionCMS SPAIN

Álvaro possesses more than 13 years of experience providing advice to both domestic and international clients on real estate transactions involving the sale and purchase of real estate companies and assets – both single assets and portfolios.
In addition, he has a large experience in sale & lease-back transactions, lease agreements for retail premises, hotels and offices, construction and development agreements and the financing and refinancing of real estate companies. Moreover, he has been heavily involved in numerous due diligence processes.
Since March 2016, Álvaro Otero is member of the renowned institution Royal Institute of Chartered Surveyors (RICS).

Relevant experience
- CBRE Global Investors | Advice on the purchase of the Ribera del Xúquer shopping centre in Carcaixent.Advice on the sale of a company owning a logistics site in San Sebastián de Los Reyes (Madrid).
- Savills | Advice on the acquisition of the Spanish real estate company Aguirre Newman.
- Activum| Advice on the purchase of an office building in Madrid.
- Allianz | Advice on the financing of the Marineda shopping centre in La Coruña.
- Spanish insurance company | Advice on the purchase of an office building located in Avenida Diagonal in Barcelona.
- Spanish insurance company | Advice on the leasing of a building for use as a hotel prior to the conversion thereof.
- International Bank | Advice on financing the purchase of hotels in Ibiza and Barcelona.
- Domestic property developer | Advice on the sale of plots of land for residential use in Alcobendas (Madrid).

Others:
- Associate professor of Civil and Real Estate Law at the Universidad Carlos III (Madrid).

Álvaro OteroCMS SPAINPartner CMS | Real Estate & Construction

Miguel Ferre

Vice PresidentGLOBAL CORPORATION CENTER

Miguel Ferre currently holds the position of Vice President of the Global Corporation Center (GCC), a research center created by the EY Foundation and the IE Business School, which analyzes and discusses the main challenges faced by large companies in the field of good corporate governance. Also, he provides services to EY as Senior Advisor to reinforce the corporate governance area, with the aim of helping companies to face a new scenario of corporate governance and risk management. Finally, he works as a Senior Advisor at Burson-Marsteller, an international consultancy company for Financial Communication, Public Relations and Public Affairs, which belongs to one of the largest communication groups in the world, WPP.

Previously, Miguel Ferre was appointed Secretary of the Treasury in 2011, within the Ministry of Finance and Public Administration, a position he held until 2016. From that position he has participated in the decisions of Spanish economic policy in recent years. Previously, he worked in both the private and public sectors, where he held various responsibilities. He was also part of the Permanent Representation of Spain in Brussels before the European Union, and has been a member of several OECD and United Nations organizations. Prior to his appointment as Secretary of State, he was a Partner in PwC (PriceWaterhouseCoopers). He has also been a member of the Boards of Directors of the SEPI (Sociedad Estatal de Participaciones Industriales), SEPES (Entidad Pública Empresarial de Suelo), and Member of the Consortium of the Free Trade Zone of Barcelona.

Miguel Ferre holds a degree in Law from the Complutense University of Madrid and he is a Lawyer from the Distinguished Madrid Lawyers' College. He is a State Financial Inspector and has completed postgraduate studies in Financial and Tax Law. He has also been a speaker at various universities and business schools.

Miguel FerreGLOBAL CORPORATION CENTERVice President

Carmina Ganyet

Corporate Managing DirectorCOLONIAL

Member of Colonial’s Management Committee since July 2000, which she initially joined as the Chief Financial Officer and on which she currently holds the post of Corporate Managing Director.

She holds a degree in economics and business administration from the Universitat Autònoma de Barcelona and has completed graduate-level studies at ESADE.

Carmina Ganyet’s professional career in the financial sector. In 1991joined the Arthur Andersen auditing firm in Barcelona, where she specialized in financial-sector auditing. In 1995, she joined the “la Caixa” Group as head of Investment and Controlling for the financial, real estate and insurance group of Caixa Holding (now Criteria). In 2000, she joined Colonial as a Chief Financial Officer.

In 2009, she was appointed Corporate Managing Director of Colonial, and she is a member of the Board of Directors of the Société Foncière Lyonnaise. In addition, today Carmina Ganyet is independent member of the Board of Directors of ICF (Institut Català de Finances) and President of its Appointment and Remuneration Committee, independent member of the Board of Directors of SegurCaixaAdeslas and member of its Audit Committee. In addition, Ms. Ganyet has taught at the School of Business Administration of the Universitat Ramon Llull, and she is a member of the board of directors of the Círculo de Economía, a charter member of l’Espai Vicens Vives, and a board member of Ethos Ramon Llull- Ética y Empresa.

Carmina GanyetCOLONIALCorporate Managing Director

Max Nimmo

Research AnalystKEMPEN SECURITIES

Max Nimmo, CFA, is a sell side research analyst for Kempen focusing primarily on Spain as well as the UK and Italian markets. He has been a listed real estate analyst for seven years, starting his career with Standard Life Investments as an analyst on the Global REIT fund suite; before moving to the sell-side and working for Citi and now Kempen, focusing on the European real estate space.

Max NimmoKEMPEN SECURITIESResearch Analyst

Antonio Béjar González

ChairmanDISTRITO CASTELLANA NORTE

Antonio Béjar González has a Law Degree from the University of Seville. He completed his training with an MBA at IE Business School in Madrid. In addition, he has completed several postgraduate courses (INSEAD, London Business School, Center for Creative Leadership, IMD), including a PDG at the IESE Business School.
He has accumulated 20 years of banking experience, in which he has held various management positions in the banking business areas of the BBVA Group, including Commercial Banking and Corporate Banking.
In 2008 he was appointed Chief Risk Officer and member of the BBVA Executive Committee for Spain and Portugal, position from which he managed and supervised a credit portfolio of 220,000 million euros. At this stage, he was actively involved in mergers and acquisitions during the restructuring process of the Spanish financial sector.
He also participated in the creation and implementation of the new financial legal framework promulgated in recent years, both nationally (through AEB and AHE) and internationally, from his position as president of the European Mortgage Federation in Brussels, position held between 2012 and 2014.
In 2008, he was also named president of ANIDA (real estate subsidiary of BBVA) and head of BBVA Real Estate, whose assets exceeded 34,000 million euros, including the BBVA Group's real estate loan business in Spain, Portugal and Mexico. Among his responsibilities were the definition of the BBVA Real Estate strategy, investment decisions and disinvestment and portfolio development.
He was a member of the board of directors of Metrovacesa, where he chaired the Audit Committee from 2009 to 2014. He has been in charge of the business unit of RE Asset Management in BBVA, including BBVA Propiedad. At the same time, he was responsible for the Private Equity business unit in BBVA, managing shares in several European and American companies.
Currently, he chairs the board of directors of DISTRITO CASTELLANA NORTE, a company whose mission is to develop in Madrid what will be the largest urban regeneration project in Europe, with an expected investment of more than 6,000 million euros.
He has belonged to the board of the Chamber of Commerce of Madrid and the board of many other companies.
In November 2017, he received from RICS the title of FRICS (Fellow of the RICS) in recognition of his unique experience, marked by commitment and excellence.

Paulo Núncio rejoined the firm in 2016, having previously collaborated with the firm between 1997and 2007. He is a member of the tax team. Between 2007 and 2011 he was a partner of an international law firm, integrating the respective tax department. Between 2011 and 2015 Paulo Núncio was the Secretary of State for Tax Affaires of the Government of Portugal. During his mandate several tax reforms were approved, namely the Tax Administration Reform (creation of the Tax and Customs Authority), the Electronic Invoicing Reform (creation of the e-invoicing programme), the Corporate Income Tax Reform (reduction of corporate tax rate from 25% to 21%), the Personal Income Tax Reform (creation of a family tax splitting system - family quotient - for families with children), the Green and Environmental Taxes Reform (creation of tax incentives for electric and hybrid vehicles) and the Investment Funds Tax Regime Reform. He is a Specialist Lawyer in Tax Law, namely in corporate income tax, international tax law and cross-border reorganisations. Invited Assistant Professor in the Master’s course on “Law and Management” at the Nova School of Business and Economics in partnership with Law Faculty of Nova University of Lisbon. Paulo Núncio is an author of several articles published on tax matters and regularly participates as speaker in tax conferences.

Paulo NúncioMLGTS LAWYERSSenior Advisor

Frédéric Tempel

Lead Portfolio ManagerAXA IM

Frederic Tempel is Head of Equity Listed Real Estate within AXA Investment Managers (AXA IM), based in Paris.

He began his career as a quantitative analyst in 1996 at AXA IM in Paris and London. He became Portfolio Manager within the global equities and asset allocation team before joining the pan-European equities team in 2003.

Frédéric holds a French business school degree from Ecole Supérieure de Commerce de Paris and is an EFFAS certified financial analyst.

EPRA – European Public Real Estate Association, is the voice of listed real estate companies which operate in Europe in the real estate sector. Founded in 1999, EPRA is a non-profit organization based in Brussels. With more than 250 members, it covers all the spectrum of listed companies that constitute the European real estate industry. EPRA represents about 430 billion euros on real estate assets and 86% of FTSE EPRA/NAREIT EuropeIndex capital markets.

EPRA’s goal is to promote, develop and represent the European listed real estate sector, providing the best information to operators, participating in the political debate and assuring good practices and the industry cohesion.

IBERIAN PROPERTY is a 360º communication platform, in English language, which main goal is to contribute to the promotion of real estate investment in Spain and Portugal.

Iberian Property keeps a regular relation with the main European real estate investors, distributing 4 printed editions per year, feeding a website daily with the sector’s latest news, and organizing exclusive international events, with renowned presence in the main trade fairs and international conferences on real estate investment.